Share India Securities Limited has convened a meeting of its Non-Convertible Debenture (NCD) holders for August 25, 2026, to seek approval for the early redemption of Series A and Series B instruments. The move aims to optimize the company’s capital structure and align its borrowing profile with current operational requirements, rather than addressing any financial distress. The proposed redemption covers an outstanding principal amount of ₹74.9 crore, comprising ₹25 crore from Series A and ₹49.9 crore from Series B.

The meeting will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM) at 4:00 p.m. Remote e-voting is available from August 22, 2026, to August 24, 2026. To be eligible to vote, investors must hold the debentures as of the cut-off date, August 18, 2026. The resolution requires approval from debenture holders representing more than 50% of the aggregate outstanding principal amount.

Instrument Details and Redemption Terms

The early redemption proposal pertains to 9,990 secured, listed, and rated NCDs originally allotted on a private placement basis. Series A NCDs (ISIN: INE932X07023) were originally issued with a face value of ₹1 lakh each; however, following partial redemptions, the outstanding face value per unit stands at ₹50,000. Series B NCDs (ISIN: INE932X07015) retain their original face value of ₹1 lakh each. Both series carry interest rates of approximately 10.7% per annum.

The Board of Directors approved the early redemption proposal on May 19, 2026, in accordance with the Debenture Trust Deed dated June 20, 2025, and the Key Information Document dated June 13, 2025. The company asserts that this restructuring is part of a periodic review of financing arrangements to ensure alignment with business needs and prevailing market conditions.

Voting and Meeting Logistics

Axis Trustee Services Limited, acting as the Debenture Trustee, will chair the meeting. Mr. Ganesh Tandon, Assistant General Manager of the trustee, is designated as the chairman, with Ms. Chesta Experto and Mr. Gagan Arora as alternates. Mr. Naveen Kumar of M/s. N. Kumar and Associates has been appointed as the scrutinizer to oversee the e-voting process.

Debenture holders can cast their votes remotely via the Central Depository Services (India) Limited (CDSL) platform or through their Depository Participants (NSDL/CDSL). Those wishing to speak during the VC/OAVM meeting must register by sending their details to secretarial@shareindia.com by August 18, 2026. Proxy appointments are not permitted for this virtual meeting. The results will be declared immediately after voting concludes and uploaded to the company’s website and stock exchanges.

share india securities reported a consolidated net profit of ₹1,244 Mn for Q1FY27, marking a 47.2% year-on-year increase from ₹844 Mn in the corresponding period of FY26. The surge was driven by a 31.3% rise in revenue from operations to ₹4,481 Mn and an expansion in EBITDA margins to 44.77%. During the earnings call held on July 27, 2026, management attributed the performance to operational leverage in the broking business and improved asset quality in the NBFC segment. The company also reaffirmed its guidance for approximately 20% revenue growth in FY27, citing strong momentum in retail expansion and wealth management products.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vikas Aggarwal, Company Secretary & Compliance Officer (M. No.: F5512), signed the communication filed with BSE Limited and National Stock Exchange of India Limited. The transcript reveals that Managing Director Kamlesh Shah and CEO Sachin Gupta emphasized the company’s resilience against regulatory headwinds, including tighter RBI funding norms for proprietary desks.

Financial Performance Overview

Note: Consolidated revenue figures reflect investor presentation data.

Operational Highlights and Growth Initiatives

The broking business saw the total client base reach 48,061, with average daily turnover at ₹90 Bn. Institutional clients grew to 212, representing a 15% increase from Q4FY26. Margins Trading Facility (MTF) Assets Under Management (AUM) increased 47.8% year-on-year to ₹4,655 Mn. Management stated that MTF is a key driver for sustainable revenue and client retention.

In the NBFC segment, the loan book totaled ₹2,682 Mn with disbursements of ₹799 Mn during the quarter. Asset quality improved significantly, with Gross Non-Performing Assets (GNPA) declining by 25 basis points quarter-on-quarter to 4.05%, and Net Non-Performing Assets (NNPA) falling by 40 bps to 2.26%. Return on Assets (ROA) rose to 1.71% from 1.55% in Q4FY26.

New ventures contributed positively to the bottom line. Share India Cred, launched in Q1FY27, underwrote six NCD issues worth ₹74 Mn, generating an EBITDA of ₹1.08 Mn and PAT of ₹40 Lakhs. The Portfolio Management Services (PMS) division, also launched in Q1, recorded an AUM of ₹150 Mn, with a target of ₹250 Mn by year-end. Additionally, the GIFT City international trading desk turned profitable, contributing approximately ₹2 Mn.

Strategic Expansion and Funding

Management outlined a plan to open 30 branches in Tier-3 cities over the next 24 months, with seven already operational in cities like Banaras, Indore, and Hyderabad. Each branch is expected to break even within eight months upon achieving an MTF book of ₹150 Mn. To support this expansion and counter RBI restrictions on proprietary desk funding, the company initiated a Commercial Paper program backed by a Crisil A1+ rating and is progressing with a Non-Convertible Debenture (NCD) issuance.

What the Numbers Show

The disproportionate growth in consolidated EBITDA (45.2%) relative to revenue (31.3%) indicates significant operating leverage, likely driven by scale efficiencies in the broking business and lower funding costs or better asset quality in the NBFC segment. The expansion in MTF AUM by nearly 48% suggests growing customer engagement in leveraged trading products, which typically carry higher margins. Meanwhile, the improvement in NBFC asset quality—evidenced by declining GNPA and NNPA—supports the sustainability of earnings growth in this segment. The divergence between standalone losses and consolidated profits highlights the significant contribution of subsidiaries to the group's overall profitability.